Anti-Money Laundering

FATF Issues Guidance on Securities Sector Risk-based Approach

02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Conduct, Culture & Accountability

New Financial Complaints Body Launches in Australia

02/11/2018

AFCA will influence reform in financial services by raising standards and improving internal practices to reduce and resolve disputes, said the body’s independent chair Helen Coonan.

Conduct, Culture & Accountability

AIMA Publishes FMCC Implementation Guide

01/11/2018

AIMA, Clifford Chance and Herbert Smith Freehills designed the guide to help Hong Kong asset managers better understand the expectations placed upon them and their constituents.

Anti-Money Laundering

Malaysia has ‘Robust’ AML/CFT Framework – APG-FATF

01/11/2018

More actions needed to further strengthen the framework, including a greater focus on terrorist financing risk from the private sector and foreign source threats.

Structural Regulation

MAS, CSRC Enhance Cooperation on Capital Markets, Derivatives

01/11/2018

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

Clearing & Post-Trade

HKEX Develops Blockchain Prototype for Northbound Trade Settlement

01/11/2018

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.

Custody & Infrastructure

Japanese Banks Trial Blockchain-based Settlement for Small Transactions

31/10/2018

Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.

Structural Regulation

Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

31/10/2018

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Structural Regulation

NZX Overhauls Listing Rules in Transition to Single Board

30/10/2018

New listing rules to take effect from January, in advance of migration to a single board where equity, debt and fund issuers will be covered in a single rule set.